💢Market structure update:
$METIS shows a strong and sharp bullish structural shift (Bullish Impulse) across the three timeframes (daily, 4 hours, and 15 minutes). Price has successfully surged above the moving averages and the green SuperTrend indicator, supported by strong buying momentum and rising trading volumes (Volume Bar). Price is currently stabilizing at 3.43 and is moving directly toward testing the recorded peak at 3.44 to confirm the continuation of the sharp uptrend.
🟢 Bullish Scenario
Condition: A breakout above the current target peak at 3.44 and a firm close with a 4-hour candle (or daily candle) above it.
Targets:
First target: Levels at 3.51, then the next psychological resistance at 3.95.
Second target: The upward extension toward the major historical resistance shown on the daily timeframe at 4.40.
🔴 Bearish Scenario
Condition: Price breaks the nearby support level and the EMA(7) moving average at 3.31 on the 4-hour timeframe, with a full candle closing below it (the remaining distance to start the breakdown is about 3.5% from the current price of 3.43).
Targets:
First target: A pullback to test the SuperTrend line and the key support at levels 3.11 to 3.13.
Second target: A retest of the main accumulation base and the strong moving averages between 2.83 and 2.96.
$APR
$ICP
#USAugustJobGrowthNearlyTriplesForecast #ZECHitsANewAllTimeHigh #RussiaUkraine72-hourCeasefire #ZEC'sMarketCapSurpassedDOGE
$METIS shows a strong and sharp bullish structural shift (Bullish Impulse) across the three timeframes (daily, 4 hours, and 15 minutes). Price has successfully surged above the moving averages and the green SuperTrend indicator, supported by strong buying momentum and rising trading volumes (Volume Bar). Price is currently stabilizing at 3.43 and is moving directly toward testing the recorded peak at 3.44 to confirm the continuation of the sharp uptrend.
🟢 Bullish Scenario
Condition: A breakout above the current target peak at 3.44 and a firm close with a 4-hour candle (or daily candle) above it.
Targets:
First target: Levels at 3.51, then the next psychological resistance at 3.95.
Second target: The upward extension toward the major historical resistance shown on the daily timeframe at 4.40.
🔴 Bearish Scenario
Condition: Price breaks the nearby support level and the EMA(7) moving average at 3.31 on the 4-hour timeframe, with a full candle closing below it (the remaining distance to start the breakdown is about 3.5% from the current price of 3.43).
Targets:
First target: A pullback to test the SuperTrend line and the key support at levels 3.11 to 3.13.
Second target: A retest of the main accumulation base and the strong moving averages between 2.83 and 2.96.
$APR
$ICP
#USAugustJobGrowthNearlyTriplesForecast #ZECHitsANewAllTimeHigh #RussiaUkraine72-hourCeasefire #ZEC'sMarketCapSurpassedDOGE
